Economics

Course summary

Economics is an exciting and dynamic A Level. As a social science, Economics sits neatly between the arts and the sciences and it is attractive to students from both backgrounds. Economics explores the concept of scarcity and the problem of resource allocation. There is a strong theoretical component to Economics, but the subject drives by a need to explain the real world. Economics has been high profile since the banking crisis and credit crunch. Examples of questions you might consider in Economics includes, was Royal Mail floated too cheaply? What explains the divide between rich and poor? How will Brexit affect businesses and consumers? Should the UK rail industry be nationalised? Which policies are effective in curbing the plastic pollution crisis? What is the future of work in a world of artificial intelligence? Should we tax robots? How soon will electric vehicles become the norm? What needs to happen with the gender pay gap? Studying Economics will help you to be more open-minded and solve problems in a creative way, combining written, numerical and data handling skills.